Grasshopper also revealed their new project Killer Is Dead is a stylistic action game similar to No More Heroes. Suda stated in an interview with Siliconare in April that the game was “running in either Unreal Engine 3 or Unreal Engine 4” but couldn’t say which without giving away what console they were developing on.
When asked about a No More Heroes sequel Suda told Joystiq
Suda 51 also confirmed that we will see Unreal Engine 4 being used in future Grasshopper Manufacture Inc. games “if it’s a big title, or if it’s suited to that title.” It’s not certain what the release date for Killer Is Dead is yet but Grasshopper Manufacture is projecting that sometime in summer 2013 it will be released.